Wall Street Journal
Letter-to-the-Editor
By Suzanne C. Hutchinson
July 05, 2000
Dear Mr. Crabb:
In his story on homeownership in today's edition (Taking Credit for a Place to Call Home), Patrick Barta highlights the challenges faced by many low-to-moderate income families as they save to buy a home.
For more than forty years, the private mortgage insurance industry has helped nearly 20-million American families purchase a home with far less than the traditional 20% down payment, often as low as 3% down.
In just the last year alone, more than 1.25 million families were able to buy a house sooner because of PrivateMI.
PrivateMI is an American success story - a low down payment option creating homeownership opportunities and building communities in partnership with lenders.
Mr. Barta and your publication are to be commended for pointing out the need which our industry meets on a daily basis.
Sincerely,
Suzanne C. Hutchinson Executive Vice President Mortgage Insurance Companies of America